The Barry S Sternlicht Foundation
- Assets
- $119.1m
- Revenue
- $66.3m
- Investments
- $111.7m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 10/2002
- Data as of
- 12/2022
- EIN
- 26-0039094
Organization Overview
The Barry S Sternlicht Foundation is located in Wilmington, DE. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Barry S Sternlicht Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Barry S Sternlicht Foundation generated $66.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 38.0% each year . All expenses for the organization totaled $6.0m during the year ending 12/2022. While expenses have increased by 20.6% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Barry S Sternlicht Foundation has awarded 226 individual grants totaling $12,669,070. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David A Stein Dir | 1 | $0 | |
Barry Sternlicht Pres, Dir, Sec | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $51,822,587 |
| Interest on Savings | $192,471 |
| Dividends & Interest | $845,965 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,677,382 |
| Capital Gain Net Income | $12,839,747 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,759,288 |
| Total Revenue | $66,297,693 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $270,168 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $215,497 |
| Total operating and administrative expenses | $485,665 |
| Contributions, gifts, grants paid | $5,529,557 |
| Total expenses and disbursements | $6,015,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,356,664 |
| Net Accounts receivable | $4,747 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $57,798,039 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $119,068,319 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Barry S Sternlicht Foundation has awarded $5,529,557 in support to 85 organizations.
| Grant Recipient | Amount |
|---|---|
ACHIEVE MIAMI INC PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
AMERICAN FRIENDS OF LUBAVITCH PURPOSE: CHARITABLE EVENT | $10,000 |
ALZHEIMERS DRUG DISCOVERY FOUNDATION PURPOSE: CHARITABLE EVENT | $25,000 |
AMERICAN JEWISH COMMITTEE PURPOSE: TO SUPPORT AJC'S PRO-ISRAEL MEDIA CAMPAIGN | $20,000 |
AMERICAN FRIENDS OF RABIN MEDICAL CENTER INC PURPOSE: TO SUPPORT THE PURCHASE OF MEDICAL EQUIPMENT FOR THE ENDOCRINOLOGY DEPARTMENT | $10,000 |
ANTI-DEFAMATION LEAGUE PURPOSE: GENERAL & UNRESTRICTED | $50,000 |